Increasing the understanding of fiscal impact analysis to help real estate developers more effectively manage process risk

Dustin C. Read, Thomas Skuzinski, Andrew R Sanderford

Research output: Contribution to journalArticle

Abstract

Municipal governments have conducted fiscal impact analysis for decades to plan for and evaluate anticipated real estate development. Nonetheless, the literature offers relatively little guidance as to when it is used or how it is used to inform land use policy decisions. This is surprising given the significant impact this type of analysis has on real estate developers interested in obtaining regulatory entitlements for their projects. By examining both the benefits and limitations of fiscal impact analysis, as well as highlighting issues in need of future research, we seek to help real estate developers more effectively manage their process risk exposure in an effort to achieve market acceptable rates of return.

Original languageEnglish (US)
Pages (from-to)53-66
Number of pages14
JournalJournal of Real Estate Literature
Volume27
Issue number1
DOIs
StatePublished - Jan 1 2019

Keywords

  • Fiscal impact analysis
  • Land use policy
  • Process risk
  • Real estate development

ASJC Scopus subject areas

  • Business, Management and Accounting (miscellaneous)
  • Economics, Econometrics and Finance (miscellaneous)

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